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LEASEHOLD MASSIVE PRICE DROP

1/2/3/31 Simkin Avenue

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Marketed by Suzie Cox

LEASEHOLD MASSIVE PRICE DROP


1/2/3/31 Simkin Avenue

Saint Johns, Auckland

Sold - 10.12.2024

Marketed by Suzie Cox

Realistic vendor requires these units to be sold. 3 units selling for under $220,000 in total is not a misprint.

In a prime location in the heart of St Johns, on offer are 3 two bedroom brick and tile 1960's units, each coming with its own carport. Unit 1 has the bonus of a studio with its own bathroom and service area, perfect for extra guests or working from home

These Leasehold units sitting on a 607sqm multi unit site are elevated and have views over to Half Moon Bay. The current vendor recently upgraded both units 1 and 2, leaving Unit 3 ready for a makeover. The vendor has also added a large shed for the new owners use - great storage for keeping garden equipment and bikes.

This is a golden opportunity to add further value by refurbishing where needed. The 21 year perpetual lease is up for its 7 year review in September 2027. The ground rent is $40,000 per annum and the rent the units are currently bringing in is $90,220 per annum allowing for a tidy profit.

Zoned for Stonefields School, Baradene and Selwyn College, these units will appeal to many. Vendors are committed to selling and will consider all reasonable offers.

Call Suzie directly for viewing times on 027 278 3269 - viewing is by appointment only.

Conjuncting Agents Welcome.

Property Details

Property ID RMU40927

Category
House
Status
Sold
Bedrooms
7
Bathrooms
4
Carports
3
Land
607 m²

Floor Plan



Local Schools

* While every effort has been made to ensure the information displayed is accurate, please check details directly with the school before making decisions based on this information.

Primary
Intermediate
Secondary
Stonefields School - 1.7km away
Years 1-8
Co-ed
81 Tihi Street
09 527 7721


Stonefields School - 1.7km away
Years 1-8
Co-ed
81 Tihi Street
09 527 7721


Baradene College - 4.0km away
Year 7-15
Girls
237 Victoria Avenue
09 524 6019


Selwyn College - 1.4km away
Year 9-15
Co-ed
Kohimarama Road
09 521 9610


Baradene College - 4.0km away
Year 7-15
Girls
237 Victoria Avenue
09 524 6019



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Make an Appointment

Send an enquiry about this property to the agent


Suzie Cox


Licensee Salesperson

Mobile: 027 278 3269

Phone: (09) 520 9100


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